Analysts at TD Securities note that the JPY continues to receive plenty of the attention following the BoJ’s move last week and some follow-up news in the press.
Key Quotes
“The BoJ’s Summary of Opinions for the July meeting showed varying views on rate hikes and policy tweaks but for now, the market wants to push the long JPY story. We continue to like short EURJPY, especially as the EUR looks muted at the moment. A break of 128.50 opens up 126.65.”
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